$215 Checking Account Bonus at HomeStreet Bank in WA, OR & HI

HomeStreet Bank is again offering up to $215 for opening a personal checking account along with a few other activities. Details are listed in the bank's promotion page. The offer is scheduled to last through 6/30/09. The following activities are required to receive the full $250:

• $75 for direct deposits of payroll, pension, social security or other income to your account with a minimum $500 a month for 2 consecutive months
• $75 for using your new Visa Check card to make 10 purchases or payments each month for 2 consecutive months
• $30 for enrolling in Free Online Banking and Bill Pay and paying a minimum of 3 bills each month for 2 consecutive months
• $10 for receiving e-statements
• $25 will be applied to the cost of new checks when you give the bank your old checks and/or check card from your current account at another financial institution. A reader in my last post was told that you can keep the $25 if you chose not to order checks

Some important small print of the offer includes:

• Minimum opening deposit for the checking account is $100
• The Totally Free Checking qualifies
• Offer is limited to one account per household
• Account holder will be responsible for tax implications
• Accounts closed by the customer within 90 days of opening are subject to a $15 early closure fee
• Customer must meet requirements of program on or before 9/30/09

The bank was offering this same promotion last year which was scheduled to expire in March (see post). A reader mentioned being told by the CSR that there is no hard credit inquiry.

It appears a branch visit is required for this promotion. Branches are located in Washington State, Oregon and Hawaii. The bank is FDIC insured (FDIC Certificate # 32489).

Edit: Corrected title to include OR instead of OH.

Tags: Washington, Oregon, HomeStreet Bank, Hawaii, checking account